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equipment

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June 7th, 2024

Sandblasting equipment acquired at a cost of$78,000 had an estimated residual value of 5,000 and estimated useful Life of 5 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31.a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method.year 1-year 2-B. Determine the depreciation forthe current fiscal year by the double-declining-Balance method.Year 1-Year 2-

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